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FTD Companies Inc Nasdaq

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US30281V1089

FTD Companies Inc : Khang & Khang LLP Announces Securities Class Action Lawsuit against FTD Companies, Inc. and Encourages Investors with Losses to Contact the Firm

March 30, 2017 at 10:39 am EDT

IRVINE, CA / ACCESSWIRE / March 30, 2017 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against FTD Companies, Inc. ("FTD" or the "Company") (NASDAQ: FTD). Investors, who purchased or otherwise acquired shares between March 13, 2015 and March 14, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the May 19, 2017 lead plaintiff motion deadline.

If you purchased shares of FTD during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the Complaint, FTD made false and/or misleading statements and/or failed to disclose that: FTD's financial statements contained errors relating to the assessment of cross-border indirect taxes; that the Company lacked effective internal controls over financial reporting; that FTD overstated the benefits of the Provide acquisition; and that as a result of the above, FTD's public statements were materially false and misleading at all relevant times.

On March 14, 2017, the Company announced that it identified "errors" relating to "the assessment of cross-border indirect taxes." FTD added that, as a result of the errors, it would revise its previously-reported consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters in the years ended December 31, 2015 and 2016.

If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

Latest news about FTD Companies Inc

FTD Companies, Inc. has Changed its Name to GUE Liquidation Companies, Inc	19-12-30	CI
GUE Liquidation Companies, Inc. Went Out of Business	19-12-29	CI
First Amended Joint Liquidation Plan Approved for GUE Liquidation Companies, Inc.	19-12-19	CI
Second Motion for Exclusivity Period Extension Approved For FTD Companies, Inc.	19-12-15	CI
Disclosure Statement Approved for FTD Companies, Inc.	19-10-28	CI
Motion for Exclusivity Period Extension Approved For FTD Companies, Inc.	19-10-22	CI
First Amended Joint Liquidation Plan and Disclosure Statement Filed by FTD Companies, Inc.	19-10-20	CI
First Motion for Exclusivity Period Extension Filed by FTD Companies, Inc.	19-09-30	CI
Joint Liquidation Plan and Disclosure Statement Filed by FTD Companies, Inc.	19-09-18	CI
Motion for De Minimis Asset Sale Approved for FTD Companies, Inc.	19-08-28	CI
FTD Companies, Inc. Announces Management Changes	19-08-20	CI
Motion for Asset Sale Filed by FTD Companies, Inc.	19-08-09	CI
Motion for Asset Sale Approved for FTD Companies, Inc.	19-08-09	CI
PlanetArt completed the acquisition of Provide Creations, Inc from FTD Companies, Inc. (OTCPK:FTDC.Q).	19-08-01	CI
Notice of Auction Results Filed by FTD Companies, Inc.	19-08-01	CI
Notice of Auction Results Filed by FTD Companies, Inc.	19-08-01	CI
Motion for Asset Sale Approved for FTD Companies, Inc.	19-08-01	CI
Notice for Auction Cancellation Filed by FTD Companies, Inc.	19-07-19	CI
Final DIP Financing Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Bidding Procedure Approved for FTD Companies, Inc.	19-07-02	CI
Bidding Procedure Approved for FTD Companies, Inc.	19-06-25	CI
Nantahala Capital Provides Information to Shareholders of GUE Liquidation	19-06-17	CI

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Company Profile

GUE Liquidation Companies, Inc., formerly FTD Companies, Inc. (FTD), is a floral and gifting company. The Company operates through Consumer, Florist and Provide Commerce segments. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada. Through its Provide Commerce segment, FTD is a direct marketer of floral and gift products, including specialty foods, personalized gifts and other gifting products for consumers, primarily in the United States.

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